Hyundai has signed a memorandum of understanding with OCI Photo voltaic Energy, certainly one of many largest utility-scale photograph voltaic vitality builders in Texas, and CPS Vitality, America’s largest municipally-owned, fully-integrated electrical and pure gasoline utility, to test recycled electrical vehicle batteries for photograph voltaic vitality storage.
The three companies will work collectively to place in an vitality storage system (ESS) developed by Hyundai in September 2022. They are going to then analyze information from the mission and share it with one another.
“CPS Vitality has been a visionary chief for photo voltaic tasks in Texas. And now, practically 10 years after we started creating photo voltaic and storage options in Texas, we’re stepping up our green-energy sport,” acknowledged Charles Kim, CEO of OCI Photo voltaic Energy. “This new collaboration amongst Hyundai Motor Group, CPS Vitality, and OCI Photo voltaic Energy, will make us one of many first to check the efficiency and price advantages of redeploying EV batteries.”
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Whereas photo voltaic power is plentiful and inexperienced, the power should be saved to match prospects’ habits, making some kind of battery important. Electric vehicle batteries, within the meantime, may lose enough effectivity after 10 years to make them a lot much less acceptable for automotive use. They’re, nonetheless, nonetheless setting pleasant enough to hold vitality for the power grid, which could maintain them out of landfills.
“Hyundai Motor Group will confirm the probabilities and effectiveness of the ESS enterprise within the North American market by this partnership,” acknowledged Jae Hyuk Oh, Vice President of Vitality Enterprise Growth Group of Hyundai Motor Group. “The Group plans to develop its vitality answer enterprise through grafting hydrogen vitality to the battery system, and supply flexibility towards vitality volatility within the US electrical energy market.”
Different producers, like Volkswagen, are moreover searching for strategies to utilize their batteries after the vehicles they’re related to have outlived their usefulness. The German automaker says it could make new batteries from recycled earlier ones, sparing the planet 1.3 tonnes of CO2 per battery.